Tuesday, 15 December 2009

Independent: Cheer up, it still pays to go to business school

When the financial crisis erupted just over a year
ago a collective frisson went down the spines of business schools and
their graduates. Was this the end of a bull run for MBAs which had
mirrored that of the markets? Did the MBA and other courses need
reform? Would business schools have to reinvent themselves? The broad
answer to all these questions from a new report by the Association of
MBAs is that the fears were exaggerated and life has continued largely
unaffected.

The report, "Economic Downturn
Survey", is the first wide-ranging and systematic survey of schools and
MBAs to look at how they have fared. It concludes: "The data shows
general robustness in the career prospects and salaries of MBAs,
despite the recession. It also supports the view that the MBA degree
will continue to benefit both individuals and organisations during
times of financial crisis."...